Savings Calculator

http://www.vertex42.com/Calculators/savings-interest-calculator.html © 2008 Vertex42 LLC

Savings Plan Inputs 140,000 [42]

Years to Invest 25 End Balance
120,000 Cumulative Invested
Initial Investment $10,000.00
Expected Annual Interest Rate 4.00% 100,000
Deposit Amount $200.00
Deposits Per Year 12 80,000
Additional Annual Investments $0.00 60,000

Summary of Results 40,000

Value After 25 Years $129,963.56 20,000
Total Invested $70,000.00
Interest Earned $59,963.56 -
0 5 10 15 20 25 30

Yearly Summary
Scheduled Extra Annual Estimated Annual Cumulative Cumulative
Rate Deposits Deposits Interest Year End Balance Invested Interest
$ 10,000 $ 10,000.00
4.00% 2,400 451.91 1 12,851.91 12,400.00 451.91
4.00% 2,400 568.10 2 15,820.01 14,800.00 1,020.01
4.00% 2,400 689.02 3 18,909.03 17,200.00 1,709.03
4.00% 2,400 814.88 4 22,123.91 19,600.00 2,523.91
4.00% 2,400 945.85 5 25,469.76 22,000.00 3,469.76
4.00% 2,400 1,082.17 6 28,951.93 24,400.00 4,551.93
4.00% 2,400 1,224.04 7 32,575.97 26,800.00 5,775.97
4.00% 2,400 1,371.69 8 36,347.66 29,200.00 7,147.66
4.00% 2,400 1,525.35 9 40,273.01 31,600.00 8,673.01
4.00% 2,400 1,685.28 10 44,358.29 34,000.00 10,358.29
4.00% 2,400 1,851.72 11 48,610.01 36,400.00 12,210.01
4.00% 2,400 2,024.94 12 53,034.94 38,800.00 14,234.94
4.00% 2,400 2,205.22 13 57,640.16 41,200.00 16,440.16
4.00% 2,400 2,392.84 14 62,433.00 43,600.00 18,833.00
4.00% 2,400 2,588.11 15 67,421.11 46,000.00 21,421.11
4.00% 2,400 2,791.33 16 72,612.45 48,400.00 24,212.45
4.00% 2,400 3,002.84 17 78,015.28 50,800.00 27,215.28
4.00% 2,400 3,222.96 18 83,638.24 53,200.00 30,438.24
4.00% 2,400 3,452.04 19 89,490.28 55,600.00 33,890.28
4.00% 2,400 3,690.46 20 95,580.75 58,000.00 37,580.75
4.00% 2,400 3,938.60 21 101,919.35 60,400.00 41,519.35
4.00% 2,400 4,196.84 22 108,516.19 62,800.00 45,716.19
4.00% 2,400 4,465.61 23 115,381.80 65,200.00 50,181.80
4.00% 2,400 4,745.33 24 122,527.12 67,600.00 54,927.12
4.00% 2,400 5,036.44 25 129,963.56 70,000.00 59,963.56
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http://www.vertex42.com/Calculators/savings-interest-calculator.html © 2008 Vertex42.com

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Caution: This calculator is for educational and informational use only. The results are only estimates.

http://www.vertex42.com/Calculators/savings-interest-calculator.html © 2008 Vertex42.com

HELP & DEFINITIONS
© 2008 Vertex42 LLC
This spreadsheet is for illustrative purposes only. Results are just estimates. Interests rates vary. Taxes on interest
earned are not taken into account. Please consult a qualified professional regarding financial decisions.

INPUTS
Expected Annual Interest Rate

Initial Investment

Deposit Amount

Deposits Per Year

1
2
4
12
24
26
52
365
Additional Annual Investment

YEARLY SUMMARY
Rate: Estimated Annual Interest Rate

Estimated Annual Interest

Scheduled Deposits

Extra Annual Deposits

LP & DEFINITIONS
08 Vertex42 LLC
spreadsheet is for illustrative purposes only. Results are just estimates. Interests rates vary. Taxes on interest
ed are not taken into account. Please consult a qualified professional regarding financial decisions.

PUTS
Expected Annual Interest Rate
This spreadsheet assumes a fixed annual interest rate.
The interest is compounded according to the deposit frequency that you choose, and it is assumed that
the deposits are made at the end of each period.
Initial Investment
This is the starting value of your savings account. All other deposits are made at the end of the year or
at the end of the specified investment period.
Deposit Amount
The amount you plan to add to your savings account or investment at the end of each deposit period.

Deposits Per Year

Used to specify the number of contributions or deposits made per year. The deposit is made and the
end of the period.
Annually
Semi-Annually
Quarterly
Monthly
Semi-Monthly
Bi-Weekly
Weekly
Daily
Additional Annual Investment
The amount you plan to add to your savings account or investment at the end of each year.

ARLY SUMMARY
Rate: Estimated Annual Interest Rate
If you want to enter a different rate for each year (such as a negative value for a particularly bad
year), you can enter the value in place of the default formula. But, you will need to either undo the
change or enter the formula manually if you want to replace the value you entered with the original
formula.
Estimated Annual Interest
The interest is calculated using the FV formula to account for the contributions that may be made
monthly, weekly, etc. within the year.
Scheduled Deposits
The total scheduled deposits made this year, including the Deposit Amount and the Extra Annual
Investments, if any.
Extra Annual Deposits
You can enter a negative amount here to indicate that you plan to make less than the scheduled
Additional Annual Investment in a particular year, or a positive amount to indicate that you plan to
make a more sizable contribution in a particular year.